Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT – Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 84,546 shares of the transportation company’s stock, valued at approximately $24,470,000. Connor Clark & Lunn Investment Management Ltd. owned 0.09% of J.B. Hunt Transport Services as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new position in shares of J.B. Hunt Transport Services during the second quarter worth approximately $1,833,602,000. AQR Capital Management LLC grew its stake in shares of J.B. Hunt Transport Services by 411.5% in the second quarter. AQR Capital Management LLC now owns 1,799,843 shares of the transportation company’s stock worth $258,457,000 after acquiring an additional 1,447,993 shares during the last quarter. Norges Bank acquired a new stake in shares of J.B. Hunt Transport Services in the fourth quarter worth $200,587,000. Bessemer Group Inc. increased its position in J.B. Hunt Transport Services by 75,567.4% during the fourth quarter. Bessemer Group Inc. now owns 1,006,377 shares of the transportation company’s stock worth $195,580,000 after acquiring an additional 1,005,047 shares during the period. Finally, Barrow Hanley Mewhinney & Strauss LLC bought a new position in J.B. Hunt Transport Services during the second quarter worth $287,581,000. Institutional investors and hedge funds own 74.95% of the company’s stock.
J.B. Hunt Transport Services Stock Performance
Shares of NASDAQ JBHT opened at $259.88 on Tuesday. The firm has a market capitalization of $24.41 billion, a price-to-earnings ratio of 36.81, a PEG ratio of 1.73 and a beta of 1.30. J.B. Hunt Transport Services, Inc. has a one year low of $130.12 and a one year high of $299.76. The business has a fifty day simple moving average of $278.11 and a 200 day simple moving average of $251.68. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.31.
J.B. Hunt Transport Services Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 21st. Stockholders of record on Friday, August 7th were issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend was Friday, August 7th. J.B. Hunt Transport Services’s dividend payout ratio (DPR) is presently 25.50%.
Wall Street Analysts Forecast Growth
A number of analysts have weighed in on the stock. Wall Street Zen raised shares of J.B. Hunt Transport Services from a “hold” rating to a “buy” rating in a report on Sunday, June 7th. BMO Capital Markets restated an “outperform” rating on shares of J.B. Hunt Transport Services in a research report on Thursday, July 16th. Citizens Jmp started coverage on shares of J.B. Hunt Transport Services in a report on Wednesday, July 15th. They set a “market perform” rating on the stock. Zacks Research raised shares of J.B. Hunt Transport Services from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 16th. Finally, Sanford C. Bernstein reiterated an “outperform” rating on shares of J.B. Hunt Transport Services in a research note on Thursday, July 16th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, J.B. Hunt Transport Services presently has a consensus rating of “Moderate Buy” and a consensus target price of $286.30.
Get Our Latest Analysis on JBHT
Insider Activity
In related news, EVP Brian Webb sold 1,500 shares of the stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $284.01, for a total value of $426,015.00. Following the completion of the transaction, the executive vice president owned 15,881 shares of the company’s stock, valued at $4,510,362.81. This represents a 8.63% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP David Keefauver sold 703 shares of the firm’s stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $285.13, for a total transaction of $200,446.39. Following the transaction, the executive vice president owned 790 shares of the company’s stock, valued at approximately $225,252.70. This represents a 47.09% decrease in their position. The disclosure for this sale is available in the SEC filing. 2.50% of the stock is currently owned by insiders.
J.B. Hunt Transport Services Profile
J.B. Hunt Transport Services, Inc is a leading provider of transportation and logistics solutions headquartered in Lowell, Arkansas. The company offers a comprehensive suite of services designed to move freight efficiently across North America, including intermodal, dedicated contract services, full truckload, less-than-truckload (LTL), final mile delivery and specialized transport.
In its intermodal segment, J.B. Hunt leverages a network of rail and truck assets to transport containers and trailers on major U.S.
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